VIDEO: The Reality of America’s National Debt
America’s total debt now tops $15.2 trillion—the size of the entire economy. While this is a real concern, the greater problem is the growth of… Read More
Chart of the Week: Defense Spending Throughout U.S. History
President Obama visited the Pentagon on Thursday to outline his plan for gutting our nation’s military. Obama’s vision makes America more vulnerable to foreign threats… Read More
Voters in Iowa, New Hampshire Say Federal Budget Deficit Is No. 1 Issue
New polling data reveals that voters in Iowa and New Hampshire overwhelmingly believe the federal budget deficit is the most important economic issue facing the… Read More
How Would Americans Help Economy? Less Government.
Throughout his presidency — and especially over the last year — Barack Obama has turned toward a bigger federal government as the answer for fixing… Read More
No Surprise this Christmas: Washington’s Wasteful Spending Continues
Oregon cheese, IHOP pancakes, and a Hawaiian chocolate festival. Your mouth may be watering right now, but watch out—there’s a bitter aftertaste. These foodstuffs are… Read More
Morning Bell: Senators, Do Your Job and Get to Work
On the front page of the White House’s website, a clock slowly ticks away, second by second, counting down to the day, hour, minute, and… Read More
Enough Political Theater – Time for Congress to Get the Job Done
As the clock counts down toward Christmas, Congress still has major unfinished business to attend to. Not that we should be surprised. Emblematic of a… Read More
Appropriations Tracker FY 2012 Shows Spending up, Not Down
With fiscal year 2012 spending bills now at the brink of completion, The Heritage Foundation’s Appropriations Tracker: FY 2012 has been updated to reflect the… Read More
Morning Bell: An 11th-Hour Spending Deal That Comes Up Short
With Christmas just a week away and the new year nearly upon us, Congress came within a whisper of yet another potential government shutdown and… Read More
Education News
After the Super Committee: ‘Massive’ Education Cuts? Think Again
The “super committee’s” failure to reach an agreement to reduce federal spending is supposed to trigger automatic spending cuts—some of which could decrease funding for… Read More
Chart of the Week: Runaway Spending, Not Low Tax Revenue, Fueling Deficits
Following the failure of the Joint Select Committee on Deficit Reduction, Sen. Pat Toomey (R-PA) criticized liberals for insisting that any deal include a massive… Read More
Obama Wants to Cut Taxes? Don’t Believe It for a Second.
Liberals stumping for tax cuts are as rare as three-dollar bills and hardcover digital books, and for good reason. Devoid of any other organizing principle,… Read More
News
Online Chat on the Super Committee
The Super Committee failed to meet its Thanksgiving to cut $1.2 Trillion from the federal budget. Now what? Click here to join our live “Lunch… Read More
Supercommittee Failed, and Spending Is Still the Problem
Tax hikes were the focal point of the contentious, failed supercommittee negotiations designed to reduce the national debt by at least $1.2 trillion. Democrats wanted… Read More
Super Failure: No Spending Cuts, and the Debt Keeps Rising
With the failure of the super committee to recommend at least $1.2 trillion in deficit reduction, Congress’s latest attempt at budget control has collapsed. There… Read More
Congress: You Must Still Do Your Job, Supercommittee or Not
The congressional Joint Select Committee on Deficit Reduction, called the Supercommittee, announced today that it has failed to meet its statutory duty to recommend deficit… Read More
Super Gimmick: How to Spend Non-Existent War ‘Savings’
In 1969, as President Nixon’s Domestic Policy Council sought ways to spend the forthcoming “peace dividend”—savings projected from the wind-down of the Vietnam War—council members… Read More
Where Can Congress Find Room to Cut? Look to Obamacare.
Where can Congress’ “super committee” find its $1.2-trillion target in savings? The answer is hidden in plain sight. The money could come from Obamacare, to… Read More
EconomyNews
Morning Bell: America’s $15 Trillion Nightmare
This week, the U.S. national debt clock hit a nightmarish milestone: a record $15 trillion. Words can’t even begin to describe the scope of borrowed… Read More
Supercommittee Dithers on Tax Hikes – But Where are the Spending Cuts?
What’s a supercommittee to do? Total national debt just hit a new record at $15 trillion, an increase of approximately $700 billion since the Supercommittee’s… Read More
72 Representatives Know What America Needs, and It Is Not a Tax Hike
Seventy-two Members of the U.S. House of Representatives, including Representatives Patrick McHenry (R-NC) and Jim Jordan (R-OH), have joined 33 U.S. Senators in standing tall… Read More
America Hits $15 Trillion of Debt
Yesterday, the United States hit an unsavory milestone–$15 trillion in total national debt. Unfortunately, the number shouldn’t have come as a surprise. America’s debt has… Read More
How Not to Advance a Balanced Budget Amendment
Congress this week finds itself in a predicament of its own making. To show how serious they are about solving America’s deepening fiscal crisis, Republicans… Read More
Devastating Defense Cuts Loom, Panetta Warns
What happens if the “super committee” fails to meet its target of $1.5 trillion in budget savings by Thanksgiving and sequestration is triggered? It would… Read More
Supercommittee: Maximize Nonsecurity Spending Cuts, Do Not Raise Taxes
The Heritage Foundation has consistently urged, and continues to urge, that the congressional Joint Select Committee on Deficit Reduction, known as the Supercommittee, “go big”… Read More
Spending Bills Setting Up Reckless Defense Cuts
Cracks in the Budget Control Act’s (BCA) spending caps are growing more visible as negotiators near completion of the first three appropriations bills for fiscal… Read More
Austerity Successes in Previous Downturns
The left continues to resist any suggestion of spending cuts right now. In their view, a depressed economy is no time to slash spending; that… Read More
Courting Disaster: Two Gaping Loopholes in the Debt Deal That Will Drive Up Spending
Among the more egregious failings of the Budget Control Act (BCA)—the proxy fiscal plan spawned by the summer’s debt ceiling debate—are a pair of gaping… Read More
Morning Bell: Straight Talk for the Super Committee
It has been 12 months since the American people spoke resoundingly at the polls against overtaxing, overspending, and overborrowing, but memories can be short in… Read More
News
Infographic: Why Spending Is the Problem
With its November 23 deadline fast approaching, the “super committee” created by the Budget Control Act is back in the news, and it is still grappling… Read More
